Gurugram-based boodmo.com, which is among India’s fastest growing auto spare parts online marketplaces, has increased its capital by INR 15 Crores. With this fresh funding, the company’s capital now stands at INR 60 Crores. In 2019, boodmo had raised INR 18 Crores from undisclosed investors in two rounds of funding. The company, which has till date serviced over 1 lakh customers, will use the fresh funds to further strengthen its supply chain and operations.
A unit of Smart Parts Online Private Limited, boodmo.com was launched in 2015 by two Ukrainian entrepreneurs – Yevgen Sokolnikov and Oleksandr Danylenko. With over 1 million varieties of spare parts by 400 suppliers of over 3,000 Indian as well as international brands available on its e-store, the organization has a massive e-repository of genuine OEM and aftermarket spare parts. Boodmo currently has over 8 lakh customers in its registered database and about 1,000 orders are placed on the website every day.
Talking about the fresh funding, Mr Oleksandr Danylenko, Managing Director & Co-Founder, boodmo.com, said, “Although we have a robust supply chain mechanism already in place, we have seen a considerable increase in orders on our website in the last few months. Moreover, we have recently moved our Sorting Hub in Jaipur to a bigger place, spread over 15,000 sq.ft. area. We plan to use the additional capital in further strengthening our supply chain system as well as our operations.”
Boodmo, which has 62 employees at its Corporate Office in Gurugram and an additional 55 employees across the Sorting Hubs in Delhi, Bengaluru and Jaipur, has recently become a part of ‘Great Places to Work’, which is a global authority on building, sustaining and recognizing high-trust, high-performance, culture at workplaces.
Regarding this achievement, Mr Danylenko said, “In the e-commerce business, especially in a technical field such as automotive, acquiring and retaining the right talent is the key to success. At boodmo, we invest a lot of time and resources to train our employees and keep them updated on the latest industry trends. Since employees realize that there is a huge scope for continuous learning and growth when they work with us, their satisfaction reflects in their performance as well as our low attrition rate.”